MERCOSUR: Knitting Machine Market 2024

Knitting Machine Market Size in MERCOSUR

In 2023, the MERCOSUR knitting machine market decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. In general, consumption recorded a remarkable increase. Over the period under review, the market hit record highs at $X in 2022, and then declined in the following year.

Knitting Machine Production in MERCOSUR

In value terms, knitting machine production amounted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Knitting Machine Exports

Exports in MERCOSUR

Knitting machine exports reduced markedly to X units in 2023, shrinking by X% on the previous year. Over the period under review, exports faced a drastic downturn. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports reached the maximum at X units in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, knitting machine exports fell slightly to $X in 2023. Overall, exports recorded a abrupt contraction. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Brazil (X units) and Peru (X units) represented the main exporters of flat knitting machines, stitch-bonding machines and warp knitting machines in MERCOSUR, together resulting at near X% of total exports. Argentina (X units) took the next position in the ranking, followed by Colombia (X units), Ecuador (X units) and Uruguay (X units). All these countries together held near X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Ecuador (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Argentina ($X), Brazil ($X) and Colombia ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

Argentina, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2023, rising by X% against the previous year. Over the period under review, the export price, however, showed a noticeable setback. The growth pace was the most rapid in 2021 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2022 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Argentina ($X per unit), while Peru ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced a decline in the export price figures.

Knitting Machine Imports

Imports in MERCOSUR

In 2023, overseas purchases of flat knitting machines, stitch-bonding machines and warp knitting machines increased by X% to X units, rising for the fourth consecutive year after two years of decline. Overall, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2023 and are likely to see steady growth in the near future.

In value terms, knitting machine imports shrank notably to $X in 2023. Over the period under review, imports, however, continue to indicate a slight reduction. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2022, and then dropped dramatically in the following year.

Imports by Country

In 2023, Chile (X units) represented the largest importer of flat knitting machines, stitch-bonding machines and warp knitting machines, committing X% of total imports. Brazil (X units) ranks second in terms of the total imports with an X% share, followed by Peru (X%), Argentina (X%) and Colombia (X%).

Chile was also the fastest-growing in terms of the flat knitting machines, stitch-bonding machines and warp knitting machines imports, with a CAGR of X% from 2012 to 2023. At the same time, Brazil (X%), Colombia (X%), Peru (X%) and Argentina (X%) displayed positive paces of growth. From 2012 to 2023, the share of Chile increased by X percentage points.

In value terms, Brazil ($X), Peru ($X) and Argentina ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Peru, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per unit, waning by X% against the previous year. Over the period under review, the import price showed a deep reduction. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Argentina ($X per unit), while Chile ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform